ST Engineering's Land Systems Arm Awarded £150m Contract By UK MoD For Bronco All Terrain Tracked Carriers

Singapore, 18 December 2008 - Singapore Technologies Engineering Ltd (ST Engineering) today announced that its land systems arm, Singapore Technologies Kinetics Ltd (ST Kinetics), has been awarded a contract of about £150m (about S$330m) by the UK Ministry of Defence (UK MOD) for the supply of Bronco All Terrain Tracked Carriers (ATTC). Designated as "WARTHOG" by the UK MOD, the vehicles are being procured in response to an Urgent Operational Requirement (UOR). The vehicle deliveries will commence in third quarter 2009, with the majority to be delivered in 2010.
This contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.
The WARTHOG is a development of ST Kinetics' Bronco ATTC, a robust, reliable and proven articulated platform with many hundreds in service. The Bronco's articulated design delivers exceptional mobility across a wide range of terrain and climate, and is extensively armoured and highly survivable. Critically, it will give the UK MOD a significant increase in protection against roadside bombs. Bronco will also deliver considerable increases in range, payload and internal capacity over incumbent vehicles currently being used in Afghanistan.
Four WARTHOG variants will be built under the contract - Troop Carrier, Ambulance, Command, and Repair & Recovery.

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